File image
Uncategorized
Less than 1 min.read

AFTER THE BELL: Pot stocks decline, down day on TSX

Troy Landreville
By Troy Landreville

A sell-off of marijuana stocks pulled down the TSX today.

After huge gains over the past few days, shares of cannabis producers tumbled. This factored into the Canada’s stock exchange falling 88 points.

And while shares in Aurora Cannabis, Aphria, Canopy Growth, and Cronos were  among the most active on the TSX today, they all declined with their stocks dropping between two and eight percent.

Eight of the TSX’s 11 major sectors dipped into the red, with energy slipping just under one percent.

In New York, after jumping more than 260 points Monday on news of a U.S./Mexico trade deal, the Dow pulled back, finishing 14 points higher.

And after hitting record territory yesterday, the Nasdaq gained 12 points.

The loonie continued to catch up on the greenback, moving up 22/100ths of a cent to $0.7732 cents US.

Gold prices slipped from two-week highs, dropping $8.60 to $1,200 an ounce, while oil also dipped 25 cents to $68.62 US a barrel on news of increased production from OPEC.

Troy Landreville
Troy Landreville

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

New modular housing units arrive in Behchokǫ̀

Northwest Territories
Five new modular housing units have arrived in Behchokǫ̀ for onsite assembly, the final phase of construction before the homes are ready for occupants.

Ceremony draws call to action remembering lost lives of Northern workers

Northwest Territories
A ceremony in Yellowknife remembering those who lost their lives on the job drew calls to action in an ongoing struggle for stronger workers’ safety protections in the North and across the country. It’s been more than four decades since the first National Day of Mourning. And its been over one century since the first workers compensation act in Canada received its third reading. Statistics show that each year about 1,000 people across the country do not come home from work.

Red Dress March to be held next week

Community
Yellowknife’s annual Red Dress March will be taking place next week on May 5 starting at 12:00 pm.

Yellowknife Community Foundation to deliver its biggest batch of scholarships

Northwest Territories
The Yellowknife Community Foundation has cracked the door wide open on its student awards scholarships fund. The foundation says its scholarship fund is delivering 45 scholarships, its greatest number of scholarships to date, to support students in trade professions and academics across the territory. N.W.T. students pursuing post-secondary studies or a trades education in any field are eligible for scholarships worth up to $9, 500, with a total of 45 scholarships are being offered.

N.W.T. holds among highest rates of workplace fatalities

Northwest Territories
N.W.T. holds among highest rates of workplace fatalities proportionate to worker populations. Researchers from the University of Regina said N.W.T. and Nunavut's worker mortality rate between 2019 to 2023 was highest in the country. The latest records show that for 2024, 11 people died due to a work related incident in the territories of the North. Scientists noted that because of N.W.T.’s small community populations, one or more early deaths had a much greater impact on mortality rates.